Funding you earn now, next payment 06:00 UTC+0.0164%/8h= +17.9% APRnext payment +$0.20 per $10,000 · paid last 24h +0.049%
Price spread now: Lighter against Kraken Futures−0.222%7-day average −0.023% · you buy dearer than you sell
Net, funding: paid 7d − costs−$51as in the Funding arb table
Net, price: spread back to 7d avg − costs−$94as in the Price arb table
costs, in and out, $10k−$740.740% of the position
Funding, last 7 days+0.225%+$23 on $10k
+Price spread, last 4 days (all we have)+0.342%+$34 · spread now −0.222%, 7d avg −0.023%
=Together, before fees+0.567%+ Points / potential airdropLighter: Season 3 · farm board+$57 on $10k · with fees, hour by hour
Funding pays, the price is against you. Lighter is 0.199% cheaper against Kraken Futures than usual: you would sell low and buy high (spread −0.222% now, against its 7-day average of −0.023%). If the spread goes back, that is −$20 on $10k: about 4.1 days of funding at the current rate (+$5 a day).
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Kraken Futures PF_ICPUSD | 2.9460 | −0.0068 | get 0.0008% / 1h | 14m 22s | $523K | $688K | 50x |
| Short | Lighter ICP | 2.9394 | 0.0096 | get 0.0012% / 1h | 14m 22s | $141K | $494K | 5x |
Kraken Futures PF_ICPUSD
Lighter ICPFunding history
latest
Range statsloading…
Price spread between the two exchanges
Lighter against Kraken Futures. Falling: the short leg gains. Rising: it loses.latest
Price spreadloading…
Funding on every exchange
click an exchange to add or hide itlatest
How often the price spread is this wide · share of time at each level, last 7D show
Profit calculator
- Funding earned
- $34.41
- Price spread: −0.222% → −0.023%
- −$19.95
- Slippage, 4 orders
- −$63.99
- Fee Kraken Futures: 5 bp × 2 orders
- −$10
- Fee Lighter: 0 bp × 2 orders
- $0
- Net
- −$59.52
- Costs to cover
- 0.740%
- Break-even
- 19.1 days
Slippage from Kraken Futures: live order book, 34 min ago; Lighter: live order book, 26 min ago.
Cost to enter
taker fee + slippage from the mid, one side; closing costs about the same again| Leg | Half-spread | $10k | $100k | $1M | $5M |
|---|---|---|---|---|---|
| Buy Kraken Futures live order book, 34 min ago | 6.82 bp | 19.0 bp −$19 | 39.5 bp −$395 | doesn't fit | doesn't fit |
| Sell Lighter live order book, 26 min ago | 2.06 bp | 18.7 bp −$19 | 41.7 bp −$417 | doesn't fit | doesn't fit |
ICP on 27 venues
lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Kraken Futures PF_ICPUSDlong | −0.0068% | 1h | 2.9460 | long leg | $523K | $688K | 50x | |
| dYdX ICP-USD | 0.0000% | 1h | 2.9364 | −0.324% | $68K | $3K | 5x | as long as short |
| Deribit ICP_USDC-PERPETUAL | 0.0000% | 1h | 2.9432 | −0.093% | $191 | $439 | 50x | as long as short |
| gTrade (Gains Network) ICP/USD | L +0.0006% / S −0.0002% | 1h | 2.9423 | −0.125% | $10K | — | 150x | as long as short |
| Injective ICP/USDC PERP | +0.0033% | 1h | 2.9665 | +0.698% | $202 | $200K | 12x | as long as short |
| Variational Omni ICP | +0.0057% | 8h | 2.9340 | −0.405% | $1.0M | $133K | — | as long as short |
| Phemex ICPUSDT | +0.0066% | 8h | 2.9300 | −0.541% | $1.7M | $669K | 50x | as long as short |
| Lighter ICPshort | +0.0096% | 1h | 2.9394 | −0.222% | $141K | $494K | 5x | |
| Hyperliquid ICP | +0.0100% | 1h | 2.9449 | −0.036% | $4.5M | $4.8M | 5x | as long as short |
| Aster ICPUSDT | +0.0100% | 8h | 2.9422 | −0.126% | $263K | $1.3M | 20x | as long as short |
dYdX ICP-USD
Deribit ICP_USDC-PERPETUAL
gTrade (Gains Network) ICP/USD
Injective ICP/USDC PERP
Variational Omni ICP
Phemex ICPUSDT
Hyperliquid ICP
Aster ICPUSDTShow all 27 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Pacifica ICP | +0.0100% | 1h | 2.9386 | −0.249% | $133K | $10K | 5x | as long as short |
| Binance ICPUSDT | +0.0100% | 8h | 2.9422 | −0.127% | $28.8M | $48.9M | 75x | as long as short |
| Bybit ICPUSDT | +0.0100% | 8h | 2.9420 | −0.134% | $17.2M | $18.0M | 75x | as long as short |
| OKX ICP-USDT-SWAP | +0.0100% | 8h | 2.9420 | −0.134% | $5.6M | $14.9M | 50x | as long as short |
| Gate ICP_USDT | +0.0100% | 8h | 2.9420 | −0.134% | $1.8M | $2.9M | 50x | as long as short |
| MEXC ICP_USDT | +0.0100% | 8h | 2.9410 | −0.168% | $18.5M | $10.0M | 50x | as long as short |
| KuCoin ICPUSDTM | +0.0100% | 8h | 2.9410 | −0.168% | $4.8M | $12.2M | 50x | as long as short |
| Bitget ICPUSDT | +0.0100% | 8h | 2.9440 | −0.066% | $6.9M | $4.6M | 50x | as long as short |
| BingX ICP-USDT | +0.0100% | 8h | 2.9400 | −0.202% | — | $5.8M | — | as long as short |
| edgeX ICPUSDC | +0.0100% | 4h | 2.9346 | −0.384% | $23K | $280K | 10x | as long as short |
| GRVT ICP_USDT_Perp | +0.0100% | 8h | 2.9290 | −0.576% | $565K | $505K | 10x | as long as short |
| SunX ICP-USDT | +0.0100% | 8h | 2.9410 | −0.168% | $2K | $1.5M | 20x | as long as short |
| HTX ICP-USDT | +0.0100% | 8h | 2.9300 | −0.541% | $102K | $118K | 20x | as long as short |
| Extended ICP-USD | +0.0104% | 1h | 2.9422 | −0.126% | $23K | $131K | 10x | as long as short |
| BloFin ICP-USDT | +0.0220% | 8h | 2.9340 | −0.406% | $1.2M | $2.4M | 75x | as long as short |
| Coinbase International ICP-PERP-INTX | +0.0336% | 1h | 2.9420 | −0.134% | $57K | $69K | 50x | as long as short |
| GMX ICP/USD [WBTC.b-USDC] | L +0.0433% / S −0.0367% | 1h | 2.9422 | −0.126% | $31K | — | 100x | as long as short |
Pacifica ICP
Binance ICPUSDT
Bybit ICPUSDT
OKX ICP-USDT-SWAP
Gate ICP_USDT
MEXC ICP_USDT
KuCoin ICPUSDTM
Bitget ICPUSDT
BingX ICP-USDT
edgeX ICPUSDC
GRVT ICP_USDT_Perp
SunX ICP-USDT
HTX ICP-USDT
Extended ICP-USD
BloFin ICP-USDT
Coinbase International ICP-PERP-INTX
GMX ICP/USD [WBTC.b-USDC]